WTI US Crude Oil Bottoming Out ?

WTI Crude Oil, is at the Critical Support level, prices could not sustain at this level and tried to breach on Friday with no follow through as it rejected towards the closing. We expect further testing at this level with further demand test towards $67 . However, mid term the oil prices is very weak and prone to further break down potentially towards $55. Next week will be critical for oil, and any further head lines news will impact the prices.